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National Science Foundation Partnership for Innovation (PFI) Integrative Graduate Education and Research Training (IGERT) Materials Research Science and Engineering Center (MRSEC) Experimental Program to Stimulate Competitive Research (EPSCoR) Department of Education

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acknowledgements
National Science Foundation
    • Partnership for Innovation (PFI)
    • Integrative Graduate Education and Research Training (IGERT)
    • Materials Research Science and Engineering Center (MRSEC)
    • Experimental Program to Stimulate Competitive Research (EPSCoR)
  • Department of Education
    • Fund for Improvement of Post Secondary Education (FIPSE)
  • Arkansas Science and Technology Authority
  • University of Arkansas
Acknowledgements

Ken Vickers - University of Arkansas - ASEE Annual Conference

agenda
Elements of Entrepreneurial Climate
  • Entrepreneurial path
  • Innovation Incubator Attributes
  • Innovation Incubator Client Selection
  • Competing for major companies
    • Educational opportunities
    • Quality of Life discussions
    • Business climate in NW Arkansas
    • State base financial incentives
    • Climate for startup support industry
    • Infrastructure and labor force
Agenda

Ken Vickers - University of Arkansas - ASEE Annual Conference

improvement of entrepreneurial culture

Five elements contributing to improvement

  • Establishment of Technology Business Incubator (Genesis at Engineering Research Center)
  • Establishment of centers of coordinated research activities (HiDEC, MRSEC C-SPIN, CSTAR, etc)
  • Establishment of entrepreneurial elements in degree program (MGMT 5383 Entrepreneurship of Technology – microEP Graduate Program)
  • Establishment of research linkages with businesses (Innovation Incubator, Space Photonics, etc)
  • Demonstration of the will to compete for major high technology players
Improvement of Entrepreneurial Culture

Ken Vickers - University of Arkansas - ASEE Annual Conference

research commercialization process at u of a

Successful Technology

Startup Company

Arkansas Small Business Research

and Individual Inventors

Technology Park Client

Genesis Technology Incubator

Genesis Technology Incubator

Research Commercialization Process at U of A

Company Formation

NSF PFI Innovation Incubator

NSF PFI Innovation Incubator

microEP

Grad Program

(entrepreneurial technical degrees)

Research on Campus

Ken Vickers - University of Arkansas - ASEE Annual Conference

attributes of the u of a innovation incubator i 2

Dedicated full time director from industry (funded by NSF PFI and Dept of Ed FIPSE)

  • Funding for 12 month graduate students reporting to the I^2 Director (NSF PFI)
  • $10k voucher for I^2 proof of concept research client expenditures on campus (NSF PFI)
  • Administrative support through entrepreneurial programs (microEP and NSF IGERT)
  • I^2 client selection process run by stakeholder board
Attributes of the U of A Innovation Incubator (I^2)

Ken Vickers - University of Arkansas - ASEE Annual Conference

innovation incubator client selection process

I2 Selection Panel

Reviews Ideas

ASTA Business Network

Project Selection

Idea 1

Idea

Passes

Proof of

Concept

Four

Ideas

Per Year

Receive

Vouchers

Idea 2

I2Innovation

Table

Commercialization

Support

Idea n

Open Discussion

Genesis

I2 Board of Directors

Sets Selection Criteria

ACTT

HiDEC Processing

MBE Lab

I2 Faculty

Business Admin

Research Thesis

Analytical Tests

SBIR

Faculty Research

ASTA

Innovation Incubator Client Selection Process

Ken Vickers - University of Arkansas - ASEE Annual Conference

competing for major technology industry sites
Partnership between
  • University of Arkansas (education)
  • City of Fayetteville (Quality of Life)
  • NWA Region (business climate)
  • State of Arkansas (financial incentives)
  • All (support industry entrepreneurism)
  • All (infrastructure and labor force)
Competing for Major Technology Industry Sites

Ken Vickers - University of Arkansas - ASEE Annual Conference

promoting the university of arkansas as resource
Its liberal arts and land-grant mission: teaching, research, and service
  • Research and scholarship - based teaching and learning
  • Public service and service based learning
  • Diversity – Faculty, students, and staff
  • Seeking excellence
  • Partnering with leading companies for mutual benefit

A nationally competitive, student-centered research university serving Arkansas and the World

Promoting the University of Arkansas as Resource

Ken Vickers - University of Arkansas - ASEE Annual Conference

promoting fayetteville quality of life

A Historic City with a Wealth of Opportunity and Character

  • Walton Arts Center
    • Concerts
    • theater productions
    • art exhibits
  • Dickson Street
    • Food
    • Shopping
    • Nightlife
  • The Square
    • Farmers Market
    • Springfest
    • Autumnfest
    • Lights of the Ozarks
Promoting Fayetteville Quality of Life

Ken Vickers - University of Arkansas - ASEE Annual Conference

promoting nwa region regional key facilities

Wal-Mart Headquarters

J.B. Hunt Headquarters

NWA Regional Airport-XNA

Tyson Foods Headquarters

1. Research & Tech Park

University of Arkansas

Promoting NWA Region -Regional Key Facilities

4. Marinoni site

2. Greenwood site

3. Jordan site

5. Cummings site

Drake Field

Ken Vickers - University of Arkansas - ASEE Annual Conference

promoting nwa industry government partnerships
Northwest Arkansas is home to an entrepreneurial spirit epitomized by the emergence of:

Wal-Mart, the world’s largest retailer

Tyson, the leading producer of poultry and food products in the world

J.B. Hunt Trucking, a leading trucking and logistics innovator in the United States

Corporate growth has been managed in partnership with community governments to retain high quality of life

The Northwest Arkansas Council leads regional strategic planning to assure both future economic growth and continued quality of life in the region

The regional business community would welcome another international business segment to NWA

Promoting NWA Industry - Government Partnerships

Ken Vickers - University of Arkansas - ASEE Annual Conference

promoting financial incentives package
Arkansas Economic Development Act
    • Arkansas Corporate Income Tax Credits up to 100% of the total amount of the project investment, negotiated each year in accordance with wage schedule.
    • 100% refund if average hourly rate exceeds $21.11.
    • Subject to terms of financial agreement executed prior to construction.
    • Sales and Use Tax Refunds on building materials and on all taxable purchases of machinery and equipment during the period specified by financial agreement (5.125% rate).
    • Using company supplied estimates of expenditures, refunds of (proprietary information removed from this location).

Incentive Package: Option 1

Promoting Financial Incentives Package

Ken Vickers - University of Arkansas - ASEE Annual Conference

promoting an established path for tech startups

Research as the State’s

Economic Engine

  • Campus research in HiDEC and Physics
  • Innovation Incubator
  • Tech Transfer Office
  • Genesis Technology Business Incubator
  • Technology Business Park clients for ERC
  • Major Industry as research partners
  • Capitalization through local and state initiatives
  • University/City/State partnerships for success
Promoting an Established Path for Tech Startups

Ken Vickers - University of Arkansas - ASEE Annual Conference

promoting labor force stability in fayetteville
Recruitment Through
  • Alumni Interest
    • Trained in industry
    • Interested in home
  • Current graduates
    • All regional schools

Retention Through

  • History and Tradition
    • Senior Walk
    • Ozark lifestyle
    • Museums and societies
  • Progress into Future
    • Town Center
    • Large town shopping
    • Patio on the Square
  • Proactive Education
    • FHS AP success
    • NSF centers at UA
    • Regional partnerships
Promoting Labor Force Stability in Fayetteville

Ken Vickers - University of Arkansas - ASEE Annual Conference

in conclusion
Developing new entrepreneurial cultures
  • Dedicated and passionate leaders
  • Education of the residents in the culture
  • Opportunities to put ideas into action
  • Support of governmental bodies
  • Extra support of early role models
  • Good linkages between all partners
  • Belief that success is the expected outcome, not the unusual event
In Conclusion

Ken Vickers - University of Arkansas - ASEE Annual Conference

backup slides ariel view of research and tech park site
Backup Slides – Ariel View of Research and Tech Park Site

Ken Vickers - University of Arkansas - ASEE Annual Conference

backup slide topo view of research tech park site
Backup Slide – Topo View of Research & Tech Park Site

Ken Vickers - University of Arkansas - ASEE Annual Conference

backup slide ground view of research tech park site
Backup Slide – Ground View of Research & Tech Park Site

Ken Vickers - University of Arkansas - ASEE Annual Conference

backup slide soils view of research tech park site
Backup Slide – Soils View of Research & Tech Park Site

Ken Vickers - University of Arkansas - ASEE Annual Conference